Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal (CIF) - 2022

The average import price for steel, alloy stood at $1,337 per ton in 2022, increasing by 17% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2017 an increase of 44%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,711 per ton), while the price for France ($1,010 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $1,239 per ton, growing by 44% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,055% against the previous year. Over the period under review, the average export prices reached the maximum at $16,638 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -3.6% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal

In 2022, the amount of steel, alloy imported into Portugal reduced modestly to 16K tons, shrinking by -2% against 2021. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 34%.

In value terms, imports of steel, alloy expanded remarkably to $21M in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Portugal in 2022:

1. France (6.2K tons)
2. Spain (6.2K tons)
3. United Kingdom (1.4K tons)
4. Italy (1.0K tons)
5. Belgium (0.5K tons)
6. Sweden (0.4K tons)
7. Germany (0.4K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Portugal

In 2022, approx. 1.1 tons of steel, alloy were exported from Portugal; which is down by -98.5% compared with 2021 figures. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year.

In value terms, exports of steel, alloy dropped dramatically to $1.3K in 2022. In general, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Portugal in 2022:

1. France (1.1 tons)

Source: IndexBox Market Intelligence Platform